Form 4: Allegion Director Sue Main Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Sue Main of Allegion plc reports the disposal of 226 ordinary shares to cover tax withholding obligations related to a restricted stock unit award.
Summary
- On September 9, 2024, Sue Main, a director of Allegion plc, disposed of 226 ordinary shares.
- The transaction was executed to cover tax withholding obligations upon the vesting of a restricted stock unit award.
- The shares were sold at a price of $134.98 per share.
- Following the transaction, Sue Main directly owns 1,661 ordinary shares of Allegion plc.
- A power of attorney was granted to Stacy Cozad, Tandra M. Foster, and individuals holding the title of General Counsel, Secretary, or Assistant Secretary to file necessary forms with the SEC.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral in sentiment. The establishment of a power of attorney indicates proactive management of compliance requirements.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of share disposal transaction. |
| 09/11/2024 | Date of Power of Attorney execution. |
| 09/12/2024 | Date of signature for the SEC filing. |
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